alphabiz, Author at Gangnam Times

alphabiz (29 Posts)

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  Unity Software (U) Faces 19% Stock Plunge in After-Hours Trading 2024.02.29 Unity Software (U) saw its stock price plummet by 19% in after-hours trading on the 26th due to disappointing fourth-quarter performance and guidance. Unity Software’s fourth-quarter revenue was $609 million, a 35% increase from the previous year. Although it appears to have exceeded the consensus of $551 million, it was considered disappointing when considering the […]
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  OMEGA's Moonswatch Collection Sets Record at Sotheby's 2024.02.28 A suitcase edition from OMEGA, the Swiss luxury watch brand, has garnered significant attention at a Sotheby’s auction. OMEGA held an auction for the suitcase edition, which contained 11 Moonswatch Moonshine Gold models, at Sotheby’s online auction from February 12 to 24. This suitcase edition contained 11 OMEGA X Swatch “Mission to Moonshine Gold” watches. […]
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  Walton Family Sells $1.5 Billion in Walmart Stock Amid Record Highs 2024.02.28 Sam Walton, the largest shareholder of Walmart, has sold his shares as they rose. Bloomberg reported on the 26th that the Walton family had sold approximately $1.5 billion worth of Walmart shares as the company’s stock approached a record high last week. According to a report from the U.S. Securities and Exchange Commission (SEC), the […]
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  Vertiv Expands to Keep Pace with Nvidia Partnership and Growing Orders 2024.02.28 Vertiv (VRT), a provider of power and cooling solutions for data center server systems, is currently collaborating with NVIDIA. They are also expanding to meet the surge in orders. Shinhan Investment Securities analyst Ham Hyeong Do explained, “Cooling solutions provide technologies tailored to the characteristics of data centers, such as air cooling, DTC, and immersion […]
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  Ukraine Urges Poland to Penalize Perpetrators of Grain Destruction Amidst Farmer Protests 2024.02.28 Ukraine has demanded punishment for the destruction of grain caused by the protests of Polish farmers. Ukrainian Minister of Infrastructure Oleksandr Kubrakov urged Poland on the 26th (local time) to punish those responsible for the leakage of Ukrainian grain cargo at the border last weekend. “We must find and neutralize those who damaged Ukrainian grain […]
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  Moderna's Q4 Results Exceed Expectations, Boosted by Deferred Revenue and Prospects of RSV Vaccine Approval 2024.02.27 Moderna (MRNA) has released its fourth quarter reports for last year, exceeding market expectations. Moderna’s fourth quarter revenue was $2.81 billion, a 44.7% decrease compared to the previous year, and the adjusted earnings per share (EPS) was $0.55, an 84.8% decrease from the last year. Despite these, the company successfully did a turnaround against the […]
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  Hong Kong ELS Investors Hit with $751 Million in Losses, Banks Pocket $140 Million in Commissions 2024.02.27 As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in commissions from H-Index-based ELS commodities. According to the financial sector, on the 26th, the total amount of H-Index-based ELS commodities […]
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  Moody's: Cyberattack on UnitedHealth Group (UNH.N) Raises Credit Concerns 2024.02.27 The recent hacking of the American healthcare services company UnitedHealth Group appears to hurt its credit. Credit rating agency Moody’s assessed on the 24th (local time) that the recently reported hacking on UnitedHealth Group damages the company’s credit. Moody’s stated that the cyber security attack on Change Healthcare, a technology division of UnitedHealth Group that […]
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  AT&T Issues Service Credit for Users Affected by Power Outage 2024.02.27 AT&T will refund a day’s communication service to customers affected by a power outage on Thursday. Reuters reported on the 25th (local time) that AT&T will refund a day’s service to over 70,000 users affected by a power outage lasting more than 10 hours at the airline last Thursday. AT&T’s 5G network service, which targeted […]
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  Blackstone's CEO Takes a Hit: Stephen A. Schwarzman's Pay Slashes 29% 2024.02.27 [AlphaEconomy=(Chicago) Paul Lee Correspondent] Blackstone has cut its chief executive's pay and dividend. Reuters reported on Thursday that Blackstone Chief Executive Officer Steven A...
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  United Airlines Hikes Checked Bag Costs After Four Years 2024.02.26 United Airlines is raising checked baggage fees, following American Airlines. Reuters reported on the 24th (local time) that United Airlines announced an increase in checked baggage fees for North American travelers just a few days after American Airlines announced a similar increase. This price increase is the first in four years since United Airlines has […]
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  Gas Giants Clash: Qatar Boosts LNG Amid U.S. Export Permit Freeze 2024.02.26 Qatar, one of the leading oil shipping countries competing with the United States and Australia, plans to increase its production of liquefied natural gas (LNG) amidst increasing demand and a halt in growth projects from its key competitor, the United States. Qatar’s Energy Minister Saad Sherida Al-Kaabi announced on the 25th (local time) that they […]
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  Google's Gemini AI Model Produces Racist Results, Image Feature Suspended 2024.02.23 Alphabet’s Google has acknowledged the error in its AI model, Gemini, and is temporarily halting the ability of its Gemini function. On the 22nd (local time), Google announced that it is temporarily pausing image generation soon as critics started to raise questions about a powerful generative AI Gemini’s incorrect historical depictions. This measure was taken […]
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  Nvidia (NVDA) Stocks Surge after Strong Q4 Earnings with Demand Outstripping Supply 2024.02.23 NVIDIA (NVDA) announced “surprise earnings” for the last quarter, causing its stock price to surge 16% on the 22nd (local time) and setting a new record. NVIDIA’s revenue for the fourth quarter (November to January) of the fiscal year 2024 was $22.1 billion, up 265% from the previous year, and Non-GAAP earnings per share (EPS) […]
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  United Airlines Returns: Direct Flights to Israel Back on Schedule 2024.02.23 United Airlines is resuming its flights to Israel. Reuters reported on the 22nd (local time) that United Airlines is scheduled to be the first U.S. airline to resume direct flights to Israel early next month following attacks on southern Israel by Hamas armed forces. United Airlines said, “We conducted a detailed safety analysis of this […]
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  Home Depot Faces Tough Quarter: Sales Down Again as High Mortgage Rates Impact Demand 2024.02.21 [AlphaEconomy=(Chicago) Correspondent Kim Jisun] U.S. home equipment provider Home Depot's sales have fallen for five consecutive quarters...
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  Walmart's Big Bet: $2.3 Billion Deal to Acquire Vizio Signals Shift in Retail Strategy 2024.02.21 Walmart has finally acquired TV manufacturer Vizio. Walmart announced on the 20th (local time) that they agreed to acquire TV manufacturer Vizio for $2.3 billion. This indicates Walmart’s high expectations for future advertising revenue. Walmart stated that through this transaction, they can not only sell advertisements through Vizio’s TVs but also gain more opportunities to […]
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  Microsoft's $2.1 Billion Investment Spurs AI Growth in Spain 2024.02.21 Microsoft, a giant software company in the United States, is investing in Spain for AI expansion following Germany. Bradford L. Smith, Vice Chairman and President of Microsoft, posted on social media on the 19th (local time) that they are investing $2.1 billion to expand AI and cloud infrastructure in Spain. Microsoft’s investment in Spain comes […]
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  Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI Market 2024.02.20 According to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]
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  Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold 2024.02.20 [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...